Monday, July 16, 2018
Business

Oh snap: Cold triggers 15 cent jump in gas prices

This week’s cold front isn’t just bringing out sweaters, it’s driving up prices at the pump. Gas in Tampa Bay vaulted 15 cents over the past week to $2.41 per gallon Monday, tripling the national jump of 5 cents to $2.49 per gallon, according to AAA The Auto Club Group. The spike, said gas tracker GasBuddy.com, is because of a combination of oil prices and cold weather.

"Keep in mind oil prices are among the highest we’ve witnessed in over two years," Patrick DeHaan, GasBuddy petroleum analyst, said in a release. "And we’re in the middle of a severe cold snap, one which is likely to drive up demand for heating oil, propane and other petroleum products."

State gas prices were $2.44 per gallon on Monday, up 9 cents over the week.

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